TNAG-1662-FCO40-2310-Hong-Kong-Western-Harbour-Lantau-Strategic-Development-proje-1987 — Page 44

Copy to HKD PA

cil 1987

De Проле

615

бору

онко

APP/2268/8

Mr. R. Griffins, Assistant Secretary, Department of Transport,

2 Marsham Street,

LONDON

SWIP 3EB

Mr Fahr

615.

60

BRITISH AIRWAYS

Camet House (S8)

PO Box 10

Heathrow Airport London) Hounslow

TWV6 JA

Felephone: 01-7595511 Cables: Britishair

8813983 Bawysc G

Direct Line

01.562.5550

cc Mr. Dates (542 of the Airports All?)

of

Mr Lord IA Mr Morgan FCO/MATED

Please consider in conjunction with other

apy addressees: is there

Mr Cater?

Dear

Ro

offer

any

Pa 15

HONG KONG AIRPORT

advice

We

could/shoul

I mentioned to you recently my concern at the high level of profit made by Hong Kong Airport, coupled with the fact that we have been unable to persuade them to modify the profit level.

I have just received their income and expenditure account and balance sheet data for 1985/6 and projections through to 1987/8 and I attach a copy. You really dont need me to expand upon our concern that it generates a surplus of $552 million on a turnover of $913 million; nor that although we pay nominal taxation (it is а Government department) no interest is received on the

accumulated surplus.

The reserves are justified on the basis that they are towards a new, replacement airport, which I doubt will be built as envisaged and there are clearly considerable political aspects.

Are there any channels that I could take this up within the UK Government? I would not contemplate any such action without first taking your advice.

}

Yours sincerely,

MCA 184/393/1

No. S

-8 MAY 1937

Tome

Cauter.

ли

ENC.

PA

TOM CARTER,

Head of Airport Policy Planning

British Airways Ph

Registered officer

Speedbird House

Healhtress Aiport London

Hounslow TAND ZIA, Registered in England No. 1